Standard Chartered (SCBFF) Stock Forecast & Price Target

$11.55 0.00 (0.00%)

(As of 11/6/2024 ET)

Standard Chartered - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 3 Analyst Ratings

Sell
0

Hold
1

Buy
2

Based on 3 Wall Street analysts who have issued ratings for Standard Chartered in the last 12 months, the stock has a consensus rating of "Buy." Out of the 3 analysts, 1 has given a hold rating, and 2 have given a strong buy rating for SCBFF.

Consensus Price Target

N/A

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SCBFF Analyst Ratings Over Time

Type	Current Forecast 11/8/23 to 11/7/24	1 Month Ago 10/9/23 to 10/8/24	3 Months Ago 8/10/23 to 8/9/24	1 Year Ago 11/8/22 to 11/8/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)
Hold	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A
Consensus Rating	Buy	Strong Buy	Buy	Reduce

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SCBFF Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SCBFF Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Standard Chartered Stock vs. The Competition

Type	Standard Chartered	Finance Companies	S&P 500
Consensus Rating Score	3.33	2.48	2.50
Consensus Rating	Buy	Hold	Hold
Predicted Upside	N/A	10.86% Upside	7.46% Upside
News Sentiment Rating	Neutral News See Recent SCBFF News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target
11/3/2024	The Goldman Sachs Group 2 of 5 stars	G. Sahi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
8/1/2024	UBS Group 4 of 5 stars	J. Napier Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/7/2024	Berenberg Bank 2 of 5 stars	P. Richardson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/7/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 980 ➝ GBX 990
9/4/2023	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Underperform
8/9/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 825 ➝ GBX 860
7/12/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 821 ➝ GBX 797
4/27/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 565 ➝ GBX 580
2/10/2023	Investec Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:47 PM ET.

Should I Buy Standard Chartered Stock? SCBFF Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, October 27, 2024. Please send any questions or comments about these Standard Chartered pros and cons to contact@marketbeat.com.

Standard Chartered
Bull Case

Here are some ways that investors could benefit from investing in Standard Chartered PLC:

Standard Chartered PLC has shown consistent growth in short interest, indicating potential market interest and volatility.
Standard Chartered's dividend yield of 1.05% provides investors with a steady income stream relative to the stock price.
Analysts have upgraded Standard Chartered to a "strong-buy" rating, suggesting positive future performance expectations.
The company's price-to-earnings ratio of 8.92 is relatively low, potentially indicating undervaluation compared to industry peers.
Standard Chartered's diverse geographical presence across Asia, Africa, the Middle East, Europe, and the Americas offers global exposure and risk diversification.

Standard Chartered
Bear Case

Investors should be bearish about investing in Standard Chartered PLC for these reasons:

The high debt-to-equity ratio of 1.48 may pose financial risk and limit the company's flexibility in adverse economic conditions.
Standard Chartered's stock price has remained relatively flat, indicating potential stagnation in share value growth.
The company's short-interest ratio of 48.7 days suggests a significant level of market skepticism or uncertainty surrounding its performance.
Standard Chartered's beta of 0.75 indicates lower volatility compared to the market, potentially limiting potential returns for risk-seeking investors.
The company's payout ratio of 16.22% may limit future growth opportunities or reinvestment in the business.

SCBFF Forecast - Frequently Asked Questions

: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Standard Chartered in the last year. There is currently 1 hold rating and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SCBFF shares.
: According to analysts, Standard Chartered's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, Standard Chartered's stock had 1 downgrade by analysts.
: Standard Chartered has been rated by research analysts at The Goldman Sachs Group in the past 90 days.
: Analysts like Standard Chartered more than other "finance" companies. The consensus rating for Standard Chartered is Buy while the average consensus rating for "finance" companies is Hold. Learn more on how SCBFF compares to other companies.

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This page (OTCMKTS:SCBFF) was last updated on 11/7/2024 by MarketBeat.com Staff

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Standard Chartered (SCBFF) Stock Forecast & Price Target